Really?Ok so if u pay 10% on 1000 it's $100. If u pay 12% it's $120. That isn't 20%. So now what.
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last year you gave him 10 sleds, this year you gave him 12 sleds. That is 20% more sleds.If you have 100 sleds and you give your buddy 10 sleds you gave him 10% of your sleds. Next year you give him 12 sleds. You gave him 12% of your sleds. That's 2%
so as your employer I used to pay you 10 dollars, I now pay you 12 dollars, how much of a percentage increase have I paid?Thats easy..... 2 dollar raise so 12 dollars do i have to show my work? Lol
Ok so from $10 to $12 is a 20% increase. But if your making $10 a hour and you get a 2% raise you are now making $10.20 per hour.so as your employer I used to pay you 10 dollars, I now pay you 12 dollars, how much of a percentage increase have I paid?
exactly. If I only had to pay a 2% more tax's I would pay $10.20. But if I have to pay $12 then I am paying 20% more.Ok so from $10 to $12 is a 20% increase. But if your making $10 a hour and you get a 2% raise you are now making $10.20 per hour.
See....math is difficult for some.There are 3 completely different things going on in this equation that people get confused with.
1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.
2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.
3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.
I dont mind girls who are bi, but I am not a fan of guys who are bi.Time to run for office in the by election
There are 3 completely different things going on in this equation that people get confused with.
1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.
2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.
3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.